Authorities can hold seized 1MDB cash and jewellery till May 2019, says Deputy IGP

Sep 14

KUALA LUMPUR (Sept 14): Deputy Inspector-General of Police Tan Sri Noor Rashid Ibrahim said police can hold onto the seized 1Malaysia Development Bhd (1MDB) cash and jewellery for up to one year instead of three months as former Prime Minister Datuk Seri Najib Razak (pictured) has claimed.

MoF appoints three-man executive team to restructure Prasarana

Sep 07

KUALA LUMPUR (Sept 7): The Ministry of Finance (MoF) has appointed a three-man executive team to undertake changes in the organisational structure and turnaround the asset owner and operator of public transport systems Prasarana Malaysia Bhd (Prasarana).

AirAsia, MAS cancel Osaka flights after Typhoon Jebi hits city

Sep 05

PETALING JAYA (Sept 5): Malaysia Airlines (MAS) and AirAsia have suspended flights to and from Osaka, Japan as Typhoon Jebi – the strongest one to have hit the country in 25 years – left a trail of destruction that included nine deaths and a slew of damaged buildings, including flooding and other damages at the Kansai International Airport.

DRB-Hicom’s Mohamed Hazlan to helm Prasarana

Sep 03

KUALA LUMPUR (September 3): DRB-Hicom Bhd’s Datuk Mohamed Hazlan Mohamed Hussain will take over the helm of the financially stressed Prasarana Malaysia Bhd after its former chief executive officer (CEO) Masnizam Hisham’s tenure has been cut short by the ministry of finance (MoF), according to sources.

Forest City residential units offered in exchange for investments in China, says Azmin

Sep 01

KUALA LUMPUR (Sept 1): Economic Affairs Minister Mohamed Azmin Ali (pictured) has revealed why the government is scrutinising the Forest City mega project in Johor.

Outgoing Prasarana CEO thanks MoF for issuance of bonds to pay staff salaries

Aug 31

PETALING JAYA (August 31): Prasarana Malaysia Bhd chief executive officer Masnizam Hisham has expressed appreciation to the Finance Ministry for the issuance of bonds to pay the salaries of its 17,000 employees “I am grateful and would like to thank the Finance Ministry for approving the issuance of sukuk/bonds that will allow the salaries of Prasarana staff for September and the coming months.

Flexible work spaces help improve office glut

Aug 23

KUALA LUMPUR (August 23): A growing demand for co-working spaces and flexible working solutions in the region, including in Malaysia, is helpful in counteracting the current oversupply of commercial offices, said global workplace provider Regus.